RBI said the open market operation (OMO) of government securities is being conducted based on the current assessment of prevailing and evolving market liquidity conditions.
"The Reserve Bank has decided to conduct purchase of Government securities under Open Market Operations (OMO).
"The OMO operations would be conducted for an aggregate amount of Rs 120 billion on March 3, 2016 (Thursday) through a multi-security auction."
The securities identified for the OMO would be announced in due course, it said.
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